How would I go about financing a car? New or used?
I want to finance a new or used car, not lease. And I was wondering how I would go about doing that. What do I ask etc? How much do I need for a down payment?
Public Comments
- If you are going with American vehicles, those cars usually change the style and appearance every 2-3 years. Finance a used vehicle (Japanese) where the style is still new within 4-5 years. Honestly pay it off b/c a car note is some sh*t. My car is paid for and it is only a couple years old. I will ride it until the wheels fall off..
- All depends on credit and where you get the car. With good credit and being at least 23 you can get a good rate at dealership where they do all financing by law. Banks will not give a better interest rate do to the fact that dealers do alot of business with banks and they get a buy rate which will be at least 2 points less than a bank which is irrelevant if buying from dealer. Banks and dealers can get a better rate with 1/3 down which is a standard for a better finance deal. In either case if private sale go to bank and dealer sale , you are there. You need to do nothing but get approved.
